About Proec Energy
Proec Energy is an Industrial Goods & Manufacturing company based in Delhi (India). Supply of oilfield chemicals for oil and gas, mining, and related industries. It operates in the Industrial Goods & Manufacturing and Energy & Utilities sectors. The company has 139 employees. Proec Energy has completed 1 acquisition, including Core Drilling Chemicals. Its Indian entity Proec Energy Limited reported revenue of ₹378 Cr. Proec Energy offers products and services including Oil Based Mud Additive and Water Based Mud Additive. Its focus areas include Mining and Resources, Refractories, Speciality Chemicals and Production Chemicals.
Company details
Proec Energy Ltd. is identified as a prominent supplier of oilfield chemicals, with operations extending to the oil and gas, mining, refractories, and speciality chemicals sectors worldwide. A focus is placed on drilling fluid additives, cementing additives, and production chemicals, primarily targeting regions such as the Middle East, Far East, Africa, India, and Europe. Innovation in products, quality assurance, and research and development are emphasized, alongside reliable delivery and adherence to health, safety, and environmental standards, ensuring products are customized for diverse needs in challenging conditions.
- Headquarters Delhi, India
- Employees 139
- SectorsIndustrial Goods & ManufacturingEnergy & Utilities
- Email••••••••
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- Legal Name Proec Energy Ltd
- Date of Incorporation 05 Jan, 1993
- Jurisdiction New Delhi, Delhi, India
- Annual Revenue₹378 Cr
FY 2024 · +9% YoY
- Net Profit₹59.05 Cr
FY 2024 · 16% margin
- EBITDA₹96.52 Cr
FY 2024 · 26% margin
- Employee Count139
- Investments & Acquisitions
Associated legal entities of Proec Energy
Proec Energy operates through Proec Energy Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Proec Energy Limited CIN U74899DL1993PLC051578 | Active | 05 Jan 1993 | New Delhi, Delhi | ₹378 Cr | 139 | 5 | View details |
Products & Services of Proec Energy
Proec Energy offers a comprehensive portfolio of products and services, including Oil Based Mud Additive and Water Based Mud Additive.
Oil based mud additives are utilized in drilling operations and are adapted for various well conditions in the oil and gas sector
Water based mud additives are employed in drilling fluids and are tailored to meet specific geographical and operational requirements
Board of directors of Proec Energy Limited (Proec Energy)
Proec Energy Limited is the primary company behind Proec Energy. The board of Proec Energy Limited currently have 5 directors; the longest-serving is Manav Modi, appointed in 2005. 7 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Manav Modi DIN 01983833 | Managing Director | 26 Apr 2005 | 21 yrs 6 mo | Proec Energy Limited |
| Sanjay Gupta DIN 00511367 | Director | 26 Apr 2005 | 21 yrs 6 mo | Proec Energy Limited |
| Sandeep Kumar DIN 06542610 | Director | 23 Dec 2016 | 9 yrs 10 mo | Proec Energy Limited |
| Arvind Kumar Sharma DIN 09349585 | Director | 06 Oct 2021 | 5 yrs | Proec Energy Limited |
| Jigarkumar Shashikant Patel DIN 11185335 | Whole-Time Director | 04 Jul 2025 | 1 yr 3 mo | Proec Energy Limited |
Financials of Proec Energy
Figures of Proec Energy Limited, the primary company behind Proec Energy, for FY 2024. Revenue was ₹378 Cr (+9% year on year). Net profit was ₹59.05 Cr (16% margin). EBITDA was ₹96.52 Cr (26% margin). Revenue has grown at a compounded annual rate of +38% over three years and +16% over five years.
- ₹378 CrRevenue · FY 2024 · +9% YoY
- ₹59.05 CrNet profit · 16% margin
- ₹96.52 CrEBITDA · 26% margin
- ₹1.87 CrPaid-up capital
- 139Employees (provident fund records)
- +38%Revenue CAGR, 3 years
- +16%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Proec Energy Limited are on its company page.
Detailed financial statements for Proec Energy
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Investments & Acquisitions by Proec Energy
Proec Energy has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Core Drilling Chemicals.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Manufacturer and supplier of drilling fluids, chemicals & mud chemicals, and work over completion chemicals | coredrillingchem.com | Himatnagar, India | 2014 | Apr 2025 | •••• |
Complete acquisition details for Proec Energy
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- Acquired stakes
- Deal sources
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Top companies in Metals & Minerals
3 companies that operate in the same segment as Proec Energy (Metals & Minerals) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Manufacturer of pipes, plates & coils, and home textile products | 1985 | Mumbai, Maharashtra, India | USD 544.74 M | 6,934 | ||
Chemical and casting products are manufactured, with shipping operations managed. | 1962 | Chennai, Tamil Nadu, India | USD 576.61 M | USD 1.43 B | 180 | |
Diversified operations span automotive, agriculture, and financial services. | 1945 | Mumbai, Maharashtra, India | USD 45.15 M | USD 20.78 B | 78,760 |
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Frequently Asked Questions about Proec Energy
Proec Energy is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Proec Energy has 139 employees.
The primary company behind Proec Energy, Proec Energy Limited, reported revenue of ₹378 Cr for FY 2024, up 9% year on year.
Proec Energy Ltd. is identified as a prominent supplier of oilfield chemicals, with operations extending to the oil and gas, mining, refractories, and speciality chemicals sectors worldwide. A focus is placed on drilling fluid additives, cementing additives, and production chemicals, primarily targeting regions such as the Middle East, Far East, Africa, India, and Europe. Innovation in products, quality assurance, and research and development are emphasized, alongside reliable delivery and adherence to health, safety, and environmental standards, ensuring products are customized for diverse needs in challenging conditions.
Proec Energy offers Oil Based Mud Additive and Water Based Mud Additive.
Proec Energy has made 1 acquisition, including Core Drilling Chemicals.
Proec Energy operates through Proec Energy Limited.
The legal entities of Proec Energy currently have 5 directors, including Manav Modi, Arvind Kumar Sharma, Sandeep Kumar and others.